Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,157 $ 14,883
Accounts receivable, net of allowances of $720 and $785, respectively 86,436 81,351
Inventory, net 2,356 1,473
Vendor prepayments 187 3,172
Prepaid expenses and other current assets 2,224 1,988
Total current assets 101,360 102,867
Equipment and leasehold improvements, net 1,308 1,588
Right-of-use assets, net 1,881  
Accounts receivable-long-term, net 2,040 3,156
Other assets 138 215
Deferred income taxes 98 145
Total assets 106,825 107,971
Current liabilities:    
Accounts payable and accrued expenses 60,361 66,653
Lease liability, current portion 397  
Total current liabilities 60,758 66,653
Lease liability, net of current portion 2,250  
Deferred rent and tenant allowances   745
Total liabilities 63,008 67,398
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,507,215 and 4,496,494 shares outstanding, respectively 53 53
Additional paid-in capital 32,735 32,392
Treasury stock, at cost, 777,285 and 788,006 shares, respectively (13,235) (13,447)
Retained earnings 25,458 22,994
Accumulated other comprehensive loss (1,194) (1,419)
Total stockholders' equity 43,817 40,573
Total liabilities and stockholders' equity $ 106,825 $ 107,971